MTE
Click for more information
0.00% 3.0¢ metrocoal limited

The ASX needs to lift its game.At 40c, Metro has a mc of around...

  1. ENIGMA
    1,290 Posts.
    lightbulb Created with Sketch. 5
    clock Created with Sketch.
    23/08/13
    13:15
    Post #: 12235363
    The ASX needs to lift its game.

    At 40c, Metro has a mc of around ~$83.5m.

    It falls to 4c with a mc of only ~$8.3m.

    So, the market cap is destroyed by $75,000,000.00.

    MTE then runs up from 4c to 6c which give a mc of ~$12.5m.

    So, the ASX decides to issue a ticket because MTE has clawed back approx. $4m of its market cap after losing $75m off its market cap? Are these guys serious?

    Trade Safe!

    MTE Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

ENR Encounter Resources flags latest niobium hits in fresh assay data
right-arrow Created with Sketch.
MGT Magnetite Mines set to progress DFS for Razorback through deal with JFE Shoji
right-arrow Created with Sketch.
HCH Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
right-arrow Created with Sketch.
PMT High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%
right-arrow Created with Sketch.
CXO Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered
right-arrow Created with Sketch.
NEWS Good debt vs bad debt for the property in your investment portfolio
right-arrow Created with Sketch.
watchlist Created with Sketch. Add MTE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.